INSURANCE REGULATORY AND
DEVELOPMENT AUTHORITY OF INDIA
Dated: 13th January, 2020
All General & Stand-Alone Health Insurers
All Insurance Intermediaries
Re: Marketing Standard Individual Health Insurance product through PoS
The Authority vide its Guidelines Ref no. IRDAI/ HLT/REG/CIR/001/01/2020 dated 1st January, 2020 has introduced an indemnity based Standard Health Insurance Product —”AROGYA SANJEEVANI POLICY”. In order to achieve higher insurance coverage and improve insurance penetration, it is considered essential to allow distribution of “AROGYA SANJEEVANI POLICY” through all extant distribution channels that are prevalent in the insurance industry.
Accordingly, in partial modification, condition number (iii) of the IRDAI Circular No. IRDAI/INT/CIR/PSP/239/2017 dated 25th October, 2017 stands substituted as under:
“iii) Number of such products that can be filed as PoS product is capped at three (3) per insurance company. In addition to these three insurance products, Standard Health Insurance Product— “AROGYA SANJEEVANI POLICY” is also allowed to be marketed by Point of Sales.
All other condition of the above referred circular remain unchanged.